LAWMAKERS ask for price increases 12 kg LPG delayed 2014

Michael Augustine

Sindonews.com -the House of representatives (DPR) rate this year is not the right time for PT Pertamina (Persero) to raise the price of liquefied petroleum gas 12 kg.

The reason, the increase in LPG 12 kg will trigger inflation, which was up 1.8 per cent at the beginning of this year. In addition, the community is already burdened with basic electricity rate increase (TDL).

"Don't this year, because this year we've upped the TDL. If another increase in LPG brushed 12 kg, it could trigger additional inflation rate above 1 percent, "said a member of the HOUSE of REPRESENTATIVES Commission VII, when the interviewed Bobby Rizaldi Sindonews at the Ministry of industry, Jakarta, Friday (13/3/2013).

According to Bobby, 12 kg LPG price hike will make the macro economy condition in Indonesia to be less good. Therefore, we recommend that you increase the price of liquefied petroleum gas 12 kg put on hold until 2014.

"Additional inflation rate above 1 percent that's not healthy for us in conditions of macro aggregates. So we do not ask now, "he said.

As reported previously, Pertamina still respect the Government decision banning 12 kg LPG prices offered up by March 2013, due to the situation of an economy that is still lacking support. However, Pertamina did not cancel the price hike plan 12 kg LPG, just put it off until the right momentum.

"We understood the concentrated Government, said Pak (Coordinating Minister for the economy) Hatta (Rajasa) is his less precise timings, we are evaluating the timing is just right. We are going to evaluate, "said VP Corporate Communication Pertamina, Ali Mundakir last week.

According to Ali, however the price of liquefied petroleum gas 12 kg have to ride. Braga 12 kg LPG instead of subsidies. If the price is not raised, Pertamina will continue to incur losses. In 2012 and Pertamina losers USD541 million or around Rp5 billion.

As is known, inflation in January 2013 reached 1.03 percent and 0.75 percent in February. This means that Indonesia's economy has experienced inflation amounted to 1.78 percent in just two months. In fact, the Government is targeting inflation of 2013 only 4.9 percent. In 2012 then, inflation of only 4.3 percent.

(izz)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

Boeing warns that 787 deliveries may be delayed

AppId is over the quota
AppId is over the quota
Joshua Freed , The Associated Press   –   7 hrs.

Boeing acknowledged on Friday that it may not be able to deliver its 787 as fast as hoped.

The company said it has told customers expecting the next 787 deliveries that those planes have either been delayed, or at risk for a delay.

Boeing is still building the long-range, fuel-efficient planes, and it said on Friday that it has no plans to slow production.

Norwegian Air Shuttle confirmed that it got such a warning from Boeing. The Oslo-based budget airline's spokesman, Lasse Sandaker-Nielsen, said that delivery of the planes, scheduled to be flying for the airline in May or June, might not be possible. He gave no reason for the delays.

Norwegian is one of Europe's fastest-growing airlines and had planned to begin its first long-haul flights to New York and Bangkok with the Boeing 787s.

The world's fleet of 50 787s has been grounded since Jan. 16. Boeing and investigators are trying to figure out why one aircraft battery caught fire and another one smoldered and forced an emergency landing.

The National Transportation Safety Board is still probably weeks away from determining the root cause of the Jan. 7 battery fire in a Japan Airlines 787 parked at Boston's Logan International Airport, NTSB Chairwoman Deborah Hersman told reporters this week. In about 30 days the board plans to issue an interim report on its investigation and post online all the test results and factual information gathered in its investigation, Hersman said.

The 787 is the first commercial airliner to rely heavily on lithium-ion batteries. Each plane has two of the 63-pound blue power bricks, one near the front to provide power to the cockpit if the engines stop, and one near the back to start up the auxiliary power unit, which is essentially a backup generator.

One of the big unknowns right now is whether Boeing will need to drop the lithium-ion batteries in favor of a battery more like that used on other planes.

The NTSB's detailed update on Thursday said the fire on the Boston plane started when one of the battery's eight cells short-circuited, causing it to heat up. The heat in turn caused swelling in neighboring cells, and they short-circuited, too.

The focus on the battery's charging, design or manufacturing process seems to limit the risk of a larger problem "and is somewhat of a positive development for Boeing," Jefferies analyst Howard A. Rubel wrote in a note on Friday. "We believe the risk of a major re-design has declined."

Boeing shares fell 87 cents to close at $76.56.

© 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Finance; Car Insurance; Health

Finance; Insurance; Business